Viacom 18 Media, the 51:49 joint venture (JV) between TV18 and Viacom, has seen its net profit for the fiscal ended March 2018 expand 2.7 times to Rs 82.7 crore compared to Rs 30.6 crore in the previous fiscal.
The company’s revenue from operations jumped 21% to Rs 3685.4 crore as against Rs 3036.4 crore. Total expenses shot up 20% to Rs 3593.7 crore compared to Rs 3005.8 crore.
Revenue from ad, distribution and programme syndication increased 13% Rs 3216.4 crore compared to Rs 2850 crore.
Film distribution and syndication revenue zoomed almost 2.7 times to Rs 454.4 crore as against Rs 170.7 crore on the back of hit films like ‘Padmaavat’ and ‘Toilet: Ek Prem Katha’.
Viacom18 Motion Pictures, the motion pictures arm of Viacom18, had released Lucknow Central, Toilet: Ek Prem Katha, Padmaavat, Aapla Manus (Marathi), The House Next Door (multi-lingual).
Other sales and service income stood at Rs 13.6 crore which is an increase of 6.2% against Rs 14.5 crore in the year ago period.
Operational expenses jumped 18% to Rs 2839.5 crore compared to Rs 2326.5 crore. Programming costs were up 23% to Rs 2115.9 crore from Rs 1718.3 crore.
Marketing and advertisement costs jumped 32% to Rs 366.9 crore from Rs 278.7 crore. Transmission and uplinking costs stayed flat at Rs 105.9 crore compared to Rs 105.2 crore. Licence fees didn’t see much change at Rs 26.1 crore as against Rs 26 crore.
Other distribution costs rose 13% to 224.5 crore from Rs 198.1 crore.
During the fiscal, the company generated net cash of Rs 251.4 crore from operating activities compared to Rs 16.5 crore in the previous fiscal. As on 31 March, the company’s cash and cash equivalents stood at Rs 72 crore compared to Rs 28.6 crore.
Viacom18 had inventories worth Rs 1016.2 crore for programming and film rights compared to Rs 952.2 crore in the year ago period. The inventory for projects in progress was Rs 324.4 crore compared to Rs 248.2 crore.
Viacom18 is jointly controlled entity by MTV Asia Ventures (India) Pte Ltd, Mauritius and Nickelodeon Asia Holding Pte Ltd, Singapore (together representing Viacom Inc. Group, USA) and TV18 Broadcast Limited (representing Network18 Group, India).
In FY18, TV18 Broadcast additionally acquired 1% stake from MTV Asia Ventures (India) Pte. Limited, Mauritius and now owns 51% of the Company’s Equity Shares. MTV Asia and Nickelodeon Asia hold 41% and 8% stake respectively.
The company is engaged in the business of broadcasting of televisions channels, distributing, marketing and selling commercial advertising on channels Colors, Rishtey, Rishtey Cineplex, MTV, MTV Beats, Nick, Nick Jr., Sonic, VH1, Comedy Central, Colors Infinity and the regional bouquet of channels.
Additionally, the company also generates revenue from licensing and merchandising of products, brand solutions, organising live events, over the top (OTT) & digital content delivery platform and marketing partnerships. The company is also in the business of production and distribution of motions pictures.
Viacom18 had entered the Tamil market with the launch of Colors Tamil on 19 February. The channel is slowly and steadily growing its market share.-Television Post